Intel informed Chinese clients last week that it will now require a license to export certain high-performance AI processors, according to the Financial Times. The move follows similar restrictions impacting Nvidia, which warned of a nearly $5 billion revenue hit. The new chip licensing rule escalates U.S.-China trade tensions as the Trump administration suspends tariffs for some countries while raising them on Chinese goods. Intel shares fell over 3% on Wednesday, extending a year-long decline of nearly 47% and a nearly 5% drop year-to-date.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel informed Chinese clients last week that it will now require a license to export certain
00:06high-performance AI processors, according to the Financial Times.
00:10The move follows similar restrictions of packet NVIDIA,
00:13which warned of a nearly $5 billion revenue hit.
00:16The new chip licensing rule escalates U.S. China trade tensions
00:19as the Trump administration suspends tariffs for sub-countries while raising them on Chinese goods.
00:24Intel shares fell over 3% on Wednesday,
00:26extending a year-long decline of nearly 47% and nearly 5% drop year-to-date.
00:32For all things money, visit Benzinga.com slash GSTV.